---
schema_version: "secwatch.filing_event.v1"
accession: "0001541119-24-000035"
form_type: "8-K"
ticker: "SFBC"
cik: "0001541119"
company_name: "Sound Financial Bancorp, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:22:09.444943+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sound Financial Q1 net income falls to $770K; NPLs jump 155% Q/Q

## Summary
- Net income of $770K ($0.30 diluted EPS) vs $1.2M ($0.47) in Q4 2023 and $2.2M ($0.83) in Q1 2023.
- Net interest margin compressed to 2.95% from 4.01% a year ago; net interest income down 20.4% YoY.
- Nonperforming loans rose to $9.1M (1.01% of loans) from $3.6M at year-end 2023, driven by a few real estate loans.
- Board declared $0.19 per share cash dividend, payable May 22, 2024 to holders of record May 8, 2024.

## SEC filing metadata
- accession: 0001541119-24-000035
- form_type: 8-K
- ticker: SFBC
- cik: 0001541119
- company_name: Sound Financial Bancorp, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/0001541119-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/sfbc-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001541119-24-000035
- JSON: https://secwatch.observer/filing/0001541119-24-000035.json
- Plain text: https://secwatch.observer/filing/0001541119-24-000035.txt

## Key facts
- Earnings Releases
  Sound Financial Bancorp, Inc. reported the quarter ended March 31, 2024 results: net income net income of $770 thousand, EPS $0.30 diluted earnings per share.
  - Period: the quarter ended March 31, 2024
  - Net income: net income of $770 thousand
  - EPS: $0.30 diluted earnings per share
  - Result: reported results
  source text: On April 29, 2024, Sound Financial Bancorp, Inc. (the “Company”), (Nasdaq: SFBC), the holding company of Sound Community Bank, issued its earnings press release announcing financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/0001541119-24-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.